Can I retire at age 45 with 2,920,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,920,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$241,131$238,983$236,887$234,842$232,845$224,673
2 years$119,372$117,149$114,994$112,905$110,879$102,731
3 years$78,791$76,558$74,409$72,339$70,346$62,479
4 years$58,504$56,278$54,150$52,116$50,171$42,645
5 years$46,335$44,123$42,023$40,030$38,139$30,974
6 years$38,225$36,030$33,961$32,013$30,178$23,379
7 years$32,435$30,258$28,222$26,319$24,543$18,108
8 years$28,094$25,936$23,934$22,079$20,361$14,286
9 years$24,720$22,582$20,614$18,806$17,147$11,423
10 years$22,022$19,905$17,972$16,211$14,610$9,228
11 years$19,816$17,720$15,822$14,108$12,565$7,514
12 years$17,979$15,905$14,042$12,375$10,889$6,157
13 years$16,425$14,373$12,546$10,925$9,495$5,070
14 years$15,095$13,065$11,272$9,698$8,323$4,192
15 years$13,944$11,935$10,177$8,649$7,329$3,477
16 years$12,937$10,950$9,227$7,744$6,477$2,891
17 years$12,049$10,085$8,396$6,958$5,743$2,410
18 years$11,261$9,319$7,665$6,271$5,106$2,012
19 years$10,557$8,637$7,017$5,666$4,551$1,682
20 years$9,924$8,025$6,440$5,132$4,065$1,408
21 years$9,352$7,475$5,923$4,657$3,638$1,180
22 years$8,833$6,978$5,459$4,235$3,261$990
23 years$8,360$6,526$5,041$3,857$2,927$831
24 years$7,926$6,115$4,662$3,517$2,631$698
25 years$7,528$5,738$4,318$3,212$2,368$586
26 years$7,161$5,393$4,004$2,937$2,133$493
27 years$6,822$5,076$3,718$2,688$1,923$414
28 years$6,508$4,783$3,457$2,463$1,735$349
29 years$6,216$4,512$3,217$2,259$1,567$293
30 years$5,944$4,261$2,996$2,073$1,416$247
31 years$5,690$4,028$2,793$1,904$1,280$208
32 years$5,452$3,811$2,606$1,750$1,158$175
33 years$5,229$3,609$2,434$1,609$1,048$147
34 years$5,020$3,421$2,274$1,480$949$124
35 years$4,823$3,245$2,126$1,363$859$104
36 years$4,638$3,080$1,989$1,255$778$88
37 years$4,463$2,925$1,861$1,156$706$74
38 years$4,297$2,780$1,743$1,066$640$62
39 years$4,140$2,643$1,633$983$580$53
40 years$3,992$2,515$1,531$907$526$44
41 years$3,851$2,394$1,435$836$477$37
42 years$3,718$2,280$1,346$772$433$31
43 years$3,590$2,172$1,263$713$393$26
44 years$3,469$2,071$1,186$658$357$22
45 years$3,354$1,975$1,113$608$324$19
46 years$3,244$1,884$1,046$561$294$16
47 years$3,139$1,798$983$519$267$13
48 years$3,039$1,716$923$479$243$11
49 years$2,943$1,639$868$443$220$9
50 years$2,851$1,565$816$409$200$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,920,000, adding $5,662 every year, while hoping to spend $48,632 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/24/21 Blend
44$2,920,000$2,920,000$2,920,000$2,920,000
45$3,223,680$3,068,920$3,023,660$3,382,307
46$3,500,752$3,167,553$3,073,209$3,590,138
47$3,804,454$3,269,389$3,122,787$3,810,733
48$4,137,453$3,374,534$3,172,345$4,049,917
49$4,502,684$3,483,097$3,221,830$4,309,484
50$4,903,379$3,595,190$3,271,182$4,591,412
51$5,343,101$3,710,931$3,320,343$4,897,873
52$5,825,770$3,830,440$3,369,248$5,231,263
53$6,355,708$3,953,841$3,417,827$5,594,217
54$6,937,675$4,081,264$3,466,009$5,989,636
55$7,576,913$4,212,841$3,513,716$6,420,715
56$8,279,200$4,348,711$3,560,867$6,890,972
57$9,050,896$4,489,017$3,607,374$7,404,280
58$9,899,013$4,633,904$3,653,147$7,964,907
59$10,831,273$4,783,526$3,698,088$8,577,550
60$11,856,185$4,938,041$3,742,095$9,247,383
61$12,983,121$5,097,610$3,785,061$9,980,106
62$14,222,409$5,262,403$3,826,870$10,781,995
63$15,585,428$5,432,593$3,867,403$11,659,965
64$17,084,713$5,608,361$3,906,533$12,621,632
65$18,734,076$5,789,894$3,944,124$13,675,386
66$20,548,736$5,977,383$3,980,037$14,830,468
67$22,545,461$6,171,028$4,014,122$16,097,060
68$24,742,725$6,371,036$4,046,222$17,486,377
69$27,160,886$6,577,620$4,076,173$19,010,776
70$29,822,373$6,790,999$4,103,801$20,683,869
71$32,751,900$7,011,404$4,128,924$22,520,653
72$35,976,700$7,239,068$4,151,349$24,537,654
73$39,526,779$7,474,238$4,170,875$26,753,074
74$43,435,200$7,717,166$4,187,289$29,186,972
75$47,738,396$7,968,112$4,200,368$31,861,447
76$52,476,511$8,227,349$4,209,879$34,800,848
77$57,693,781$8,495,155$4,215,576$38,032,005
78$63,438,950$8,771,820$4,217,201$41,584,477
79$69,765,729$9,057,645$4,214,483$45,490,836
80$76,733,303$9,352,940$4,207,138$49,786,971
81$84,406,891$9,658,025$4,194,869$54,512,429
82$92,858,359$9,973,233$4,177,362$59,710,782
83$102,166,899$10,298,909$4,154,291$65,430,046
84$112,419,774$10,635,408$4,125,311$71,723,126
85$123,713,147$10,983,098$4,090,065$78,648,320
86$136,152,980$11,342,362$4,048,174$86,269,869
87$149,856,040$11,713,594$3,999,244$94,658,558
88$164,950,999$12,097,203$3,942,862$103,892,388
89$181,579,648$12,493,613$3,878,595$114,057,314
90$199,898,234$12,903,262$3,805,990$125,248,047
91$220,078,936$13,326,604$3,724,572$137,568,958
92$242,311,489$13,764,108$3,633,846$151,135,057
93$266,804,973$14,216,262$3,533,293$166,073,077
94$293,789,791$14,683,570$3,422,369$182,522,674
95$323,519,838$15,166,553$3,300,506$200,637,744
96$356,274,899$15,665,752$3,167,111$220,587,872
97$392,363,292$16,181,727$3,021,563$242,559,935
98$432,124,774$16,715,058$2,863,211$266,759,867
99$475,933,751$17,266,346$2,691,379$293,414,598
100$524,202,809$17,836,212$2,505,356$322,774,202